Patrick on Nostr: Both Cashu mints and custodial exchange wallets are backed/banked by a single entity. ...
Both Cashu mints and custodial exchange wallets are backed/banked by a single entity. I can slightly see the point of part two though because the protocol could be easier to swap from due to the mint not having as much information to limit redemption. They could still limit redemption by other methods like where the withdrawal is set to go. Similarly you can usually move via lightning based on very similar voluntary market forces if you realize the custodian isn't reliable.
Published at
2025-03-24 01:19:49Event JSON
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"content": "Both Cashu mints and custodial exchange wallets are backed/banked by a single entity. I can slightly see the point of part two though because the protocol could be easier to swap from due to the mint not having as much information to limit redemption. They could still limit redemption by other methods like where the withdrawal is set to go. Similarly you can usually move via lightning based on very similar voluntary market forces if you realize the custodian isn't reliable.",
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